There are also legal issues with underwriting principal when different tranches of mortgage-backed securities are not held by a single investor.
当不同期的按揭证券并非由同一出资者拥有时，承销本金还存在着法律方面的问题。
2
Last year a South Korean court declared that a sale of Samsung securities by Mr Lee to his children at below market prices was legal, clearing the way for the next generation to take control.